1320 Cedar Branch Dr Wylie, TX 75098
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About this home
Immerse yourself in the tranquility of Bozman Farms with this exceptional 4 bedroom, 2 bathroom residence located on a desirable corner lot. This enchanting home in Wylie, TX, harmoniously blends comfort and elegance, offering an idyllic retreat for modern living. Step inside to find beautiful hardwood flooring extending throughout the living spaces. The custom touches and gorgeous cedar accents elevate the home’s aesthetic, creating a warm and inviting atmosphere. The spacious kitchen, a culinary enthusiast's delight, features Corian countertops, a large pantry, and an eat-in area, perfect for both everyday meals and entertaining. An adjacent formal dining area can also be utilized as a study, offering versatility. The expansive family room charms with cedar accent walls and a cozy gas fireplace, setting the stage for relaxation. A secondary living or flex space provides a beautiful view of the backyard oasis, adding to the home’s allure. Generously sized bedrooms offer comfort and versatility for all your needs. The primary bedroom is especially noteworthy, boasting an ensuite with an oversized shower, dual sinks, and a large closet. All recently repainted to enhance the home’s fresh appeal. Venture outside to your own backyard paradise. Your covered back patio invites outdoor enjoyment with breathtaking views of cerulean waters and soothing water features. Sparkling pool with tanning ledge, slide, and hot tub, surrounded by extra yard space for endless entertainment possibilities. A storage shed provides additional convenience. Enjoy community amenities such as nature trails, swimming pools, and playgrounds, offering activities for every interest. Newly installed roof with lifetime transferrable warranty, fence recently restained.
Source: NTREIS #21051274
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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